DGFT directions for implementation of prohibition on export of wheat
DGFT has hereby directed authorities to conduct physical verification of Letter to credit with help of a professional agency and to ensure the validation by recipient banks.
Weekly provisional billing for generating companies having Domestic Coal based plants
This direction shall apply only for coal imported for blending by such domestic coal based power plant up to 31.03.2023.
DGFT launches Paper Import Monitoring System (PIMS)
The PIMS will be effective from 01.10.2022.
DGFT notifies amendment in export policy of sugar.
Taking into consideration unprecedented growth in exports of sugar and the need to maintain sufficient stock of sugar in the country as well as to safeguard the interests of the common citizens of the country by keeping prices of sugar under check, Government of India has decided to regulate sugar exports w.e.f. 01 June 2022. Sugar mills and exporters need to take approvals in form of Export Release Orders (EROs) from Directorate of Sugar, Department of Food and Public Distribution.
DGFT directions for strict enforcement of prohibition of export of wheat
To prevent the misuse of digitally signed copies of registration certificate issued to exporters of wheat by Regional Authorities of DGFT, the Regional Authorities are directed to issue manually signed and stamped physical copies of registration certificate.
Revised policy for import of Oxytocin
Import of Oxytocin reference standards falling under
HS Codes 29371900, 29372900, 29379019, 29379090 and all HS Codes at 8 digit level under 3004 is permitted exclusively for the purpose of test and analysis subject to submission of Test License issued by the DGCI / CDCSO.
Revised customs duty for coal
This notification shall come into effect on the 22nd day of May, 2022.
DGFT notifies amendment in the export policy of Bamboo Charcoal.
All the Bamboo Charcoal made from Bamboo obtained from legal sources are permitted for export subject to proper Documentation / Certificate of Origin (COO) proving that the bamboo used for making charcoal has been obtained from legal sources.
IFSCA notifies framework for Aircraft Lease.
The Lessor shall maintain its books of accounts, records, and documents as required under applicable law. The books of accounts and other financial information shall be maintained in any such freely convertible currency.
DGFT clarification on revised export policy of wheat
It is clarified that registered authorities of DGFT had to issue Registration of Contracts(RCs) to exporters of wheat within 24 hours of submission of application.
